Investing in Budapest District XIII

  • Thread starter YellowBelly
  • Start date
You are correct in your calculations. However, I believe that there will always be 80 people who can afford to berth their yachts at a monthly price of about 0.1% of the value of the yacht.
 

So you've bought an investment property in Budapest where as part of the development there would be a marina built (and which was presumably built in to the price)? And now they've built the marina. So, what's the excitement about?

If you said however that there was speculation that a marina may be built at location xyz which would benefit existing property prices, that would be of real interest.
 
Hmmm thank you for explaining exactly what I meant. And I dont really care if they built in the marina into the price as long as there is no marina in the capital of Hungary and the price is no higher than as of any other comparable investment (without marina or comparable surroundings). ((really.))
 
Glad that your investment is working out so far, g4set. What price per square metre did you pay? Also, did you have any major snags to take care of?
 
according to property.hu the under development Phase 3 costs about €1,730 sq.m

  • Location: District 13, nearby office headquarters and shopping malls
  • 50 apartments
  • Prices from 57,000 EUR
  • Apartment sizes ranging from 33 to 93 sqm
  • Payment terms: 20-80%
  • Expected handover: Q2 2009
 
Re: Article in The Budapest Times: Irish and UK investors giving up on Budapest


G4set, I'm confused ! You mentioned in early Nov. that you'd let your apt. for 500 Euro per month but now you say it won't be finished until April '08 ?!? How did you manage to let an unfinished apt. ?
 
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